Insulators Local No 2 Welfare Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 256030310 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Insulators Local No 2 Welfare Fund?

The Asbestos Workers Local No #2 Welfare Fund is a non-profit organization based in Pittsburgh, Pennsylvania. Established to serve the members of the Asbestos Workers local union #2, the Fund provides comprehensive health and welfare benefits. By offering these essential services, the organization ensures its members' well-being, contributing significantly to their overall quality of life.

Is Insulators Local No 2 Welfare Fund legitimate?

Insulators Local No #2 Welfare Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insulators Local No #2 Welfare Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Insulators Local No 2 Welfare Fund?

The Asbestos Workers LU #2 Welfare Fund is a non-profit organization dedicated to extending health and welfare benefits to its union members. Through this mission, the Fund prioritizes the well-being of those it serves. By offering these essential services, the organization aims to support the physical and emotional needs of its union community. The Fund's commitment to its members' well-being extends beyond basic healthcare, with a focus on ensuring comprehensive coverage and access to various benefits. By addressing the health and welfare needs of its members, the organization fosters a strong sense of community and solidarity among its union family.

Who is the CEO of Insulators Local No 2 Welfare Fund?

James Cassidy is the Trustee / Co-Chairman of Insulators Local No #2 Welfare Fund.

What is the revenue of Insulators Local No 2 Welfare Fund?

Insulators Local No 2 Welfare Fund's revenue in 2022 was $16,607,776.

Who are the executives of Insulators Local No 2 Welfare Fund and what are their salaries?

There are 8 employees at Insulators Local No 2 Welfare Fund.


Here are 6 key members and their salaries:


James Cassidy (Trustee / Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Burnham Jr (Trustee / Co-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Schafer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Seiler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Connolly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Langsdorf (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Insulators Local No 2 Welfare Fund?

Insulators Local No 2 Welfare Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Insulators Local No 2 Welfare Fund

Insulators Local No #2 Welfare Fund is a distinguished non-profit organization dedicated to extending health and welfare benefits to the members of Asbestos Workers local union #2. The mission of this charitable institution is to ensure the well-being of its union members by providing essential services and support.

By offering a range of health and welfare benefits, Insulators Local No #2 Welfare Fund demonstrates its commitment to the welfare of its union members. This non-profit organization goes above and beyond by addressing the diverse needs of its beneficiaries, providing them with access to crucial resources that enhance their overall quality of life.

In practice, Insulators Local No #2 Welfare Fund functions as a safety net for its members, offering them financial assistance and essential services. Through this support, the organization enables its members to focus on their personal and professional growth, without the added burden of worrying about their well-being. In summary, Insulators Local No #2 Welfare Fund plays a pivotal role in the lives of its union members, promoting their health and overall well-being.

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Impact




October, 2024

Insulators Local No 2 Welfare Fund significantly enhances the well-being of its members by delivering essential health and welfare benefits. Located in Pittsburgh, PA, it serves the dedicated individuals of the Asbestos Workers Local Union #2, ensuring they have access to vital healthcare resources. This support not only helps members navigate medical challenges but also fosters a sense of community and mutual aid among workers in the industry. By focusing on their members' health needs, the fund plays a crucial role in promoting a safer and more secure future for them and their families.




This information is meant to be a general summary of Insulators Local No 2 Welfare Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$16,607,776 (2022)
Expenses
$10,238,239 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$291,854
  • Program Service Revenue: $16,899,630
  • Gross Receipts: $24,365,051

Assets and Liabilities:

  • Total Assets: $35,666,325
  • Total Liabilities: $237,492
  • Net Assets: $35,428,833

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$13,827,337

PARTICIPANT CONTRIBUTIONS

Revenue

$1,737,792

401h BENEFIT CONTRIBUTIONS

Revenue

$1,334,501

Organization Details

Founding Year

1961

Principal Officer

James Cassidy

Main Address

5 Hot Metal Street, Pittsburgh, PA, 15203

NTEE Category

Code: Y40 - Mutual benefit

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